Tesla increased the price in China for an imported Model 3 to roughly $50,870 as Beijing prepares to apply a higher tariff to U.S.-made cars
SHANGHAI—Tesla Inc. raised its prices in China ahead of new Chinese tariffs on imported U.S. cars, increasing the pressure on the California electric-vehicle maker to fast-track production at its new Shanghai plant.
But starting and ramping up local output is just the first challenge Tesla—which previously missed production targets in the U.S.—faces in China. Selling enough EVs to turn a profit could prove even tougher, analysts say, with China’s auto industry in the doldrums and dozens of the country’s loss-making EV companies...Higher import tariffs in China and other challenges could offset Tesla’s recent ratings upgrade and its improved outlook for Model 3 production.
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